I can't imagine Lori was too happy about selling shares at $0.81. Somebody correct me if I'm way off base, but I don't believe she gets much of a salary. As I understand it, a big part of her compensation is through options. If the share price goes up, as a result of her effort, she makes money on the difference between the option strike prices and the then market price. Her just rewards.

Don't forget, she holds about a million shares that she paid $1.80 each for. She's looking at a huge book loss right now - same as many of us.

Your comment that "it does send the signal the SP will not be going up anytime soon" is very valid, but we are not privy to the timing of much here. The lady needs to eat. If she has to cash in a few shares to get buy then I'm not going to read too much into it. If it was a significant part of her overall holdings then I would be Freaked out.

That there were no options cashed in to offset the sale doesn't bother me either. She may not (please do correct me if I'm wrong) have any left at a price that make the exercise worthwhile (after capital gains taxes and such). In fact, selling a few shares at a loss would give her a tax loss that might factor into her personal tax planning - we don't and can't know for sure.

Thanks, Nighthawk1 for the spot and the post, but (IMO) let's not speculate too much on her motivation. Believe that she is doing everything possible to make her stake (and ours) worth what it should be.

Cheers,

NoWorries